COMPANIES

• Debt rejig: Essar Oil lenders give the go-ahead
• Essar Shipping plans to recast $30m debt
• Eicher not to sell Thane unit
• Falcon Submersibles to appoint more dealers
• Hero group's Easy Bill commences operation
• Geometric, Modern Engineering join hands
• KPFC bonds issue over-subscribed
• Suzuki can now buy 51% stake in Indian company
• IOC raises $75-million loan for PTA project
• Aventis unveils once-a-day basal insulin
• Ashok Leyland net rises 52% to Rs 15 crore in Q1
• Titan registers Rs 7.5-crore net loss in Q1
• Godrej to open soap unit in Himachal Pradesh

GENERAL

• Lacklustre exports to EU worries textile sector

BANKING AND FINANCE

• Bank of Punjab opens 113^th branch
• BoR net profit jump 101% to Rs 25.6 crore in Q1
• UTI Bank net rises 45% to Rs 52.2 crore in Q1
• IOB issue's premium at Rs 10-14
• SBT announces new rates on NRE deposits
• SBI announces new loan scheme for patients

CAPITAL MARKET

• Old economy stocks still suffer
• Indo Rama Textiles shares listed on NSE, BSE
• FT plans another fund of funds
• Re gains 8 paise

INTERNATIONAL BUSINESS

• Sun Microsystems profit, revenues in Q4 slide
• Lehman to acquire Neuberger for $2.6 billion
• HotJobs unveils new recommendation engine
• Nokia says it will overtake Motorola in China